This is what you need to know to operate the Friday, December 10:
Market sentiment remained sour, amid the uncertainty surrounding Ómicron and as decisions by major central banks approached.
According to Reuters and citing sources familiar with the matter, members of the Governing Council of the European Central Bank are converging in a debate on a limited and temporary increase of the Asset Purchase Program (APP) at the December meeting. The ECB and the US Federal Reserve will announce their monetary policy decisions next week. The Fed is seen accelerating the downsizing of its buying program, moving in the opposite direction from the ECB. The EUR/USD it trimmed its recent gains and settled at the 1.1280 price zone.
The pair GBP/USD is around the region of 1.3200, while expectations of a rate hike in the UK had been delayed amid the uncertainty caused by the Omicron variant of the coronavirus and the resulting decision to apply Plan B in the UK.
It’s not just the UK that is announcing tougher measures against the coronavirus, unsettling market participants. Most European and US indices closed in the red, weighing on commodity-linked currencies, which retreated from their weekly highs against the US dollar. The USD / CAD trades around 1.12710, while the AUD/USD It does it around 0.7150.
The USD/JPY it falls slightly to the 113.40 region, as government bond yields decline.
The oro it pulled back despite worsening sentiment, now trading at around $ 1,776 a troy ounce. Crude prices are also falling, with the WTI at $ 70.50 a barrel.
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